Are the 1930s the depression era in the Philippines?
Yes, the 1930s were known as the Great Depression in the Philippines. The Great Depression was a period of economic downturn that began in the United States in 1929 and spread to other countries, including the Philippines. The Philippines economy was heavily dependent on exports, and the agriculture. When the Great Depression hit, the demand for Philippine exports decreased dramatically, leading to a significant drop in prices and a sharp decline in the economy. This caused widespread unemployment and poverty. The government of the Philippines was unable to provide relief to those affected, and many people had to rely on charity and relief efforts from other countries. The Great Depression in the Philippines lasted for several years and had a significant impact on the country's economy and society.